Beats Agrees to Carlyle Group Investment

Munger Tolles represented Beats Electronics LLC, the audio brand co-founded by legendary artist and producer Dr. Dre and Interscope Geffen A&M Chairman Jimmy Iovine, in an equity investment by The Carlyle Group (NASDAQ:CG), the global alternative asset manager, and a new bank facility. Beats also announced that it has entered into a definitive agreement to reacquire the minority stake in Beats held by HTC Corp. The deal was announced September 27, 2013.

Kevin S. Masuda, David B. Goldman, Judith T. Kitano, Jasmine M. Roberts, Mark R. Sayson, Samuel T. Greenberg and Jennifer M. Broder worked on these transactions.